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Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 72. (Read 231002 times)

sr. member
Activity: 378
Merit: 250
Where is the pump in that setup?

Itty bitty pump in the part that mounts on the chips.
staff
Activity: 4284
Merit: 8808
Where is the pump in that setup?
sr. member
Activity: 452
Merit: 250
I'm curious why CoolIT went for what appears to be 1/4" tubing for such a high heat load. You don't see 1/4" tubing in any serious PC water cooling gear anymore (last time I saw it was the $100 kingwin cooling systems back when the total dissipation of CPU+GPU was maybe 125W total). The radiator appears to be similar in size to a car's heatercore. Those usually have 1/2" hoses or larger.

Seems silly to waste the huge radiator surface area with such restrictive tubing, but that's just me.
staff
Activity: 4284
Merit: 8808
I split off a bunch of OT hashfast stuff into https://bitcointalksearch.org/topic/hashfast-troll-fest-split-from-the-cointerra-thread-372651

Sorry about that. Can you all please keep this thread on the subject of CoinTerra?  Some comparative mention of the competition is inevitable and fine, but if your messages are not PRIMARILY about CoinTerra thats not okay.
sr. member
Activity: 392
Merit: 250
Glad you cleared that all up.

Now how's the chip and PCB coming along? Still on track? Smiley

Silicon and PCB are coming along well. It's on track. There will be more updates in the coming weeks..

so uhh.. what's shakin?
staff
Activity: 4284
Merit: 8808
If all December customers changed their orders to January, Cointerra would not be late.
Yes, but then all the December customers that kept their orders would be upset that they basically paid 2.5x the price for the same thing?  So if they ship them all basically the same time they should ship the December ones at least a few days earlier and maybe just ship two units per unit ordered or something.  Or just convert everyone to January orders?
Anyone have a citation for the offer to convert to January orders? (I assume it's burred in this thread someplace?)

[Edit: Ah. They got ahold of me. I'm all good now.]
hero member
Activity: 608
Merit: 500
If all December customers changed their orders to January, Cointerra would not be late.
Yes, but then all the December customers that kept their orders would be upset that they basically paid 2.5x the price for the same thing?  So if they ship them all basically the same time they should ship the December ones at least a few days earlier and maybe just ship two units per unit ordered or something.  Or just convert everyone to January orders?
RHA
sr. member
Activity: 392
Merit: 250
If all December customers changed their orders to January, Cointerra would not be late.
staff
Activity: 4284
Merit: 8808
Am I the only idiot who kept a December unit?
I don't think I knew about the offer, thought I likely wouldn't have taken it in any case.

My email shows a 10% off coupon for a January order, which I didn't opt into as I didn't think doubling down into an unproven hardware company would have been wise. The boards and cases look pretty nice. I'm looking forward to receiving one.
hero member
Activity: 608
Merit: 500
Following the fabout, we have a projected bumpout date of December 21st

 Cheesy  In other words, there will be no December deliveries and January is iffy, just like I told you all.

ALWAYS BET ON iCE...

Do you think there's still any December order? with the price difference i'm sure everyone transferred their order to January just like i did. Most likely we will get our machine shipped out mid to end of January.

+1, I switched to two miners instead on one, at a cost of +2-3 weeks...seemed worth it to me, plus I'll get refunded the $2000 difference.  On top of that, there's less chance of being a 1st shipment guinea-pig with a broke system.
Am I the only idiot who kept a December unit?
*sigh*

I wish Cointerra would let us know what the timing will be of all these.  If they don't space them apart by at least a month it's going to really annoy the December unit folks ridiculously unless they ship extra hashrate to the December folks either by binning the chips or just shipping two units or something.  Cointerra's promise was just to deliver within 30 days of Dec. 31 and the January units don't have to be delivered until February 31st so they might just end up spacing out all the units. 
newbie
Activity: 48
Merit: 0
Following the fabout, we have a projected bumpout date of December 21st

 Cheesy  In other words, there will be no December deliveries and January is iffy, just like I told you all.

ALWAYS BET ON iCE...

Do you think there's still any December order? with the price difference i'm sure everyone transferred their order to January just like i did. Most likely we will get our machine shipped out mid to end of January.

+1, I switched to two miners instead on one, at a cost of +2-3 weeks...seemed worth it to me, plus I'll get refunded the $2000 difference.  On top of that, there's less chance of being a 1st shipment guinea-pig with a broke system.
sr. member
Activity: 392
Merit: 250
newbie
Activity: 33
Merit: 0
Following the fabout, we have a projected bumpout date of December 21st

 Cheesy  In other words, there will be no December deliveries and January is iffy, just like I told you all.

ALWAYS BET ON iCE...

Do you think there's still any December order? with the price difference i'm sure everyone transferred their order to January just like i did. Most likely we will get our machine shipped out mid to end of January.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Following the fabout, we have a projected bumpout date of December 21st

 Cheesy  In other words, there will be no December deliveries and January is iffy, just like I told you all.

ALWAYS BET ON iCE...
legendary
Activity: 3878
Merit: 1193
Nice looking setup.

newbie
Activity: 33
Merit: 0
DATELINE 12/10/2013: AUSTIN, TX.

As we move closer to manufacturing our first run of TerraMiner™ units we will be providing status reports for our customers who are interested in the technology aspects of what goes into making a Bitcoin miner.

Today we can announce that we have now entered the final phase of the fabrication process and we have received target dates from our partners regarding finalization of key components in the GoldStrike™ I ASIC chip:

1. FABOUT

The fabout of the first wafers for the GoldStrike™ I is scheduled to occur on December 17th
The wafer etching process in which the blank wafers are etched with the chip layout at the foundry is complete and the chip leaves the foundry for bumping.
2. BUMPOUT

Following the fabout, we have a projected bumpout date of December 21st
The bump process attaches solder balls to the wafer, which is then flipped over and attached to the substrate during packaging.

Hand-in-hand with the fabout and bumpout, manufacturing of the PCB’s, cases and other key components has commenced. CoolIT Systems specialized liquid cooling units and Power-One’s platinum-certified power supplies are being stockpiled, ensuring that once the final GoldStrike™ I ASICs arrive our entire supply chain will be ready to begin the first TerraMiner production run.

As you can see in the pictures below we have finished design and prototyping of the board and case design and stand ready for the arrival of the GoldStrike™ I chip.

To find out more about the mysterious world of fabout and bumpout, and to get a peek at the insides of a TerraMiner, head over to our first blog post by Jim O’Connor, CoinTerra’s VP of Hardware Engineering. Expect further exciting updates as we head towards the finish line.

Source: http://cointerra.com/engineering-update-projected-goldstrike-fabout-bumpout-dates-announced/
legendary
Activity: 3878
Merit: 1193
Allow me to introduce you to the concept of PARAPHRASING:

Allow me to show you the real quote:

We will be shipping in October.

There is no way to "paraphrase" "will be" to "earliest possible". Your "paraphrase" is an all out lie.
legendary
Activity: 1176
Merit: 1001
*post replying to the stupid points of icebreaker not wrote.
full member
Activity: 175
Merit: 100
HashFast hasn't done anything to its early customers except work their asses off to make us the best Bitcoin mining ASIC ever created.

HashFast blatantly lied about delivery schedule.  They didn't even have the chips from the foundry until after their "anticipated ship date".  HashFast 100% knew from day 1 there is no possible way they could ship in October.  Period.  They could have been honest and sold rigs for late Dec delivery and a much lower price.  But they LIED to their customers so they could charge $12+ per GH/s rather than $3 per GH/s.

Quote
No product is late until it fails to ship by Dec 31.

There was no mention of 31 DEC anywhere on their website, their TOS, the contract, the order form, or the invoice prior to 15 AUG.  I have an entire copy of their pre August 15th website and TOS.  HashFast lied to customers and then changed the terms after the fact when they realized the existing terms didn't give them an "out" on that lie.  They lied because they wanted to sell "Oct delivery" units at Oct delivery prices.  They "could" have sold Dec delivery units but that would have required much lower prices.

It is fraud, no ifs, ands, or buts about it.

fraud (noun)
1. wrongful or criminal deception intended to result in financial or personal gain.

They criminally deceived their customers using false claims in order to gain from that deception.  Oct delivery was not possible.  It wasn't that it was too optimistic, it is IMPOSSIBLE.  They knew that, made the claim anyways because $12 per GH/s means a lot more millions in their pocket then $3 per GH/s.

Quote
You of all people know better than to fixate on the most optimistic earliest physically possible (IE initially "anticipated") ship date.

However if you provide an anticipated delivery date which is AFTER your contracted delivery date from the foundry then you have lied.  Not meeting a deadline is a different thing than promising a deadline which is utterly impossible.  The terms prior to 15 AUG had no mention of 31 DEC.  Period.  I have filed for arbitration.  I will never profit from that, the cost will only mean a larger losss but it is the principal of the matter.  They committed fraud to enrich themselves at the expense of their customers. 

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Man up and take some personal responsibility.  You don't get huge potential reward without commensurate risk.

Doesn't change the fact that HashFast lied to their customers to overcharge for products they had no ability to deliver.  They increased their selling price 400% at the expense of the customers they lied to.  The fact that you defend them makes you a tool.

+1
Well said, please crosspost this to the HF thread.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Do you really think HashFast isn't going to make up for their delay?

No there aren't.  They already profited from the fraud.  Still even if they did it wouldn't undo the fraud.

Quote
Do you really think HashFast doesn't want to reclaim the enthusiasm and popularity they enjoyed before suffering a couple of normal, entirely predictable delays?

They don't have to.  Now that they lied to their first customers, made additional millions from that deception, and are in a place to deliver in volume they will simply lower the prices to be competitive.  It doesn't matter if their original customers got screwed over, it doesn't matter if not a single one ever buys from them again.  Miners really just look for the best value "today".  Just look at Avalon & BFL.  If the price is right for future units people will buy them.  HashFast doesn't have to "make it right" to move units.  They simply have to deliver future units at a competitive price.

Making it right to the people they defrauded would be pointless.   The right thing to do is not defraud your customers.  Once you have already done that it is beyond stupid to "make it right".  Who would do that? 

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They can't tell us how the delay compensation will work until those variables are evaluated.

Of course they can.  

They have refused refunds even for those who placed orders prior to 15 AUG when the "31 DEC guaranteed delivery" was snuck in.
They have refused to provide additional MPP.
They have refused to ship MPP early.

They have refused to provide a partial refund for the time value.  "Dec" units will ship right after "Oct" units yet were priced much lower.  HF "could" refund the difference since honestly there is now no difference between a higher priced "Oct" unit and a lower priced "Dec" one. 


HashFast is clearly indicated they are sticking with their terms (even illegally retroactively changed after the fact terms) and their fraud.  They won't delivery anything extra or anything early.  People like you say we should be happy with what they (haven't) delivered.  Why would they deliver more if they are doing everything right already?

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The fact that you are attacking them makes you no better than crybabies like cedavid.

I think my reputation is a little better than yours so sorry to be direct but I don't give two fucks what you think ... about anything.  If you start praising me well that probably means I have done something wrong so I better take a hard look at myself.  Still I think I have helped you drag this off topic enough so this will be my last post.
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